NCLT forms 5-member special bench to decide Zee founder Subhash Chandra’s Rs 22,006-crore repayment plan

The NCLT has constituted a five-member special bench to resolve the deadlock over Zee founder Subhash Chandra’s repayment plan after three tribunal members delivered differing views. The plan involves ₹1,494 crore from principal borrowers and ₹6.25 crore from Chandra, who guaranteed ₹22,006 crore in Essel Group borrowings. Dissenting lenders oppose it.

IPO Rush: India Inc may raise up to Rs 25,000 crore in September

India’s primary market anticipates a strong September with IPOs worth twenty to twenty-five thousand crore. Nearly twenty-five companies are preparing to launch offerings before their approvals expire. This surge reflects improved issuer sentiment after a cautious first half of the year. Companies are capitalizing on better market conditions and recent successful listings. This activity aims…

MSCI rejig disrupts arbitrage playbook, fuels late-session volatility

MSCI index rebalancing on Monday saw sharp stock swings in the final minutes. Global funds adjusted holdings, impacting several stocks significantly during the new Closing Auction System. The Closing Auction Session accounted for a substantial portion of the day’s total cash market turnover. Some large-cap stocks experienced unexpected declines without clear fundamental reasons. Traders and…